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on january 1, 2013 the Mack Company issues $16,000 of 11% bond dated january 1. interest is payable semiannually on june 30 and december 31.

on january 1, 2013 the Mack Company issues $16,000 of 11% bond dated january 1. interest is payable semiannually on june 30 and december 31. the bonds mature in 4 years. the issue price of the bonds was 16,517,057,.02 with no bond issue cost.

compute interest expense for the semi-annual period ending december 31,2015

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